Question: Discuss a long-run average cost curve that first exhibits increasing returns to scale (economies of scale), then constant returns to scale, and finally decreasing returns

Discuss a long-run average cost curve that first exhibits increasing returns to scale (economies of scale), then constant returns to scale, and finally decreasing returns to scale (diseconomies of scale). Given an example for each trend. The more you explain and give examples the more points you score.

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2. What types of information are we collecting?

5. How quickly can we manage to collect the information?

3. Tactical/strategic information.